CEO & Co-Founder at Apollo Global Management
Depends on definition. If it’s just leveraged lending, it’s a $1.5 trillion market. If it’s all investment grade plus below, it’s already a $40 trillion market. Big companies now view private markets as a third source of capital alongside banks and bonds.
This answer is part of a full interview with Marc Rowan, CEO & Co-Founder at Apollo Global Management.
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